ABI Research has completed its most wide-reaching and comprehensive market analysis of the small Unmanned Aerial Vehicle (sUAS) market to date.
The sUAS market is in a strong position, with a downward revision in the forecast for consumer drones being offset by enormous growth in the commercial sUAS market. There is also significant growth in the military and civil sector.
Rather than separate the consumer and non-consumer segments of sUAS, ABI Research has opted to create a forecast that covers all market sectors of the sUAS industry:
- Consumer sUAS
- Commercial sUAS
- Civil sUAS
- Military sUAS
These markets are further segmented by market application, including;
- Platforms: The base sUAV platform/airframe, along with the customary technology mandatory to the use of the system (standard sensor and camera payloads, control technology, battery chargers, etc.).
- Accessories: Add-on accessories for sUAVs include those products and technologies (hardware (HW) and software (SW)) not included in the base systems, which augment, improve, or extend the functionality of the aerial systems themselves.
- Associated Services: The ancillary services offered by the UAV vendor or a third-party vendor.
- Application Services: Additional applications sold directly or through third-party SW companies and cloud-based services
The primary purpose of this segmentation is to showcase how the revenue is split across the sUAS ecosystem.
Aside from consumer and prosumer markets, there is a need to segment further by market vertical. For example, commercial sUAS is segmented thus:
- Film and media
- Infrastructure and Industrial Inspection
- Geology, mining
- Oil, gas
- Insurance (Commercial and Residential)
- Private security
- Other commercial applications
This provides onlookers with insight on where the greatest opportunities lie across the drone industry.
The results of this market data are the product of a quantitative assessment of the sUAS market, which was informed by, and further refined by, a qualitative analysis of the technological, business, and political drivers and constraints impacting the sUAS sector. The quantitative component was developed using a number of public and private sources. These include financial statements, earnings reports, corporate briefings, government/academic funding announcements, and association and industry publications, along with sessions at conferences and seminars and during private interviews with industry representatives, UAS end users, and others involved with the small unmanned industry value chain.